Idaho Innovation Alliance thinks big

The proposal to build a trade association that would represent Idaho’s small and medium companies involved in technology and innovation took another step forward last Friday at the group’s first meeting of its advisory group.

Idaho’s tech industry has long needed a voice especially in the state legislature. But this group dubbed — the Idaho Innovation Alliance — has decided it doesn’t want to focus solely on tech companies. Instead it’s going after companies that are innovative and growing.

It’s a good strategy. Trying to define a technology company is a difficult task, but defining a growing company is much easier.

MWI Veterinary Supply is a good example. The Meridian-based company wouldn’t meet the definition of a tech company, but it’s growing. In a recent story I did, MWI reported more than $700 million in sales this year and expects more than $800 million next year.

Defining its membership is the first task and for the most part pretty simple, but the next steps are going to be the most difficult for the Idaho Innovation Alliance.

It’s all going to come down to money and membership.

The group thinks it needs about $50,000 in start-up funding. A key part of that initial funding would likely come from sponsorships from larger companies. The group expects to ask for sponsorships in the range of $10,000 to $50,000 a year with a two-year commitment.

For the smaller companies membership fees would be based on revenue and ould likely range from $200 to $1,000 a year.

Asking for sponsorships raises some interesting issues. For the group to be successful it needs to focus on the needs of small and medium companies, but it will likely turn to the larger companies like Micron and Hewlett Packard to seek sponsorships.

At Friday’s meeting there was a lot of discussion about what a sponsor would get for its money and fortunately one thing that everyone seemed to agree on was that a sponsorship shouldn’t be a free pass for large company to influence the direction of the organization.

The selling point for sponsors will be how the group could potentially improve the economy, which would benefit the larger companies.

I’m hopeful that the group can get off the ground, but there are still some hurdles.

I’m sure they will probably face opposition from other business-focused groups like the various chambers of commerce and the Idaho Association of Commerce and Industry or IACI, that may fear that they will try to steal members. Lets just hope those groups don’t take that tact and realize that everyone is seeking the same goal: Healthy businesses and a strong economy.

The key to the group’s success will be its sales pitch and more importantly delivering on that pitch.

In my mind the sales pitch is simple. If you’re a small and medium business joining the group should give you the resources to make your business more successful.

For some members that will mean more influence with state leaders. For others it may mean a place to go to find out how to access resources to improve your business and for others it may mean just having the camaraderie with other business owners where you can learn from their experiences.

Idaho TechConnect is helping get this group started and if you’re interested in participating and helping I’m sure Rick Ritter at TechConnect will be happy to sign you up. Give him a call at (208) 562-3700 or send him an E-mail.

Hmm...

Didn't they call this the "Chamber of Commerce" at one time?

Another bankrupt good idea is born. Email me if I'm wrong.

The Definition of Technology - According to the State

It's nice to see the Idaho Innovation Alliance if focusing on growing SMB businesses involved in technology and innovation rather than just "tech companies".

This might paint a better picture in the minds of the state legislature. After all, the state still thinks a call center job is a "tech job".

Worse...

swabbing a toilet requires a specialzed tool and chemicals known to the state of California to cause mice in laboratory cancer.

Cleaning bathrooms is probably a tech job.

This is a good idea for Idaho and deserves support

Yeah, the political "establishment" of this state talks a good game while they're running us in the ditch, all the while thinking they're driving a farm tractor...but it's really a hi-tech vehicle. We all know this, and depending on our own level of personal cynicism, have either decided to withdraw completely, or are sending resumes out of state.

But to paraphrase a famous Scotch revolutionary, "and looking back many days from now---to that, when we are safely dying in our cubicles near retirement, would you trade it for just one more chance--just one more---to come back and battle this wretched, benighted establishment, that believes we're all overpaid in their personal Idaho fiefdom, but we are really the engine that makes this place go forward?"

I would tend to agree...

but I think that was about 1 min 15 sec more typing time than was necessary ;-p Oh well LOLOL

"Invention is NOT innovation." or why I2A matters

"Invention is NOT innovation."

I just got back from the Mecca of public policy research entrepreneurship (Max Planck in Germany) and got a good handle on the cutting edge. I'll post more over at TechBoise.com, but there were two relatively new insights that says that I2A is well worth our support.

#1 is that entrepreneurs are THE key ingredient for a healthy, resilient local economy. You need ideas, resources and connectors, but entrepreneurs are the key.

Dirty Little Secret: Even good ideas are never in short supply. What's too often in short supply are the living human beings to see the economic or societal potential of an idea.

Remember Idaho's "Project Enterprise" years ago? A little effort and Idaho was able to surface great ideas from all over the state, especially from *rural* Idaho.

Ideas are plentiful, even "great ideas"; innovations are not. I2A can help nurture the entrepreneurs who are nurturing an idea into a great innovation.

#2 is that while 99% of net job change comes from expansion/contraction of existing firms and new firm births, often the most cost-effective leverage point for development is the existing firm -- helping our existing firms to be more innovative - to not only survive, but to thrive (and, hey, maybe even grow!)

And we do know how to help them be more innovative, creative and (yup) entrepreneurial!

(Oh, and Bill? My take on Governor Otter is that Butch wants to see the private sector step up. He sure says "public-private partnerships" a lot. Call me Pollyanna but I will choose to be optimistic. But you ARE right in that it's time to push in our chips and seize the opportunity that I2A presents!)

Entrepreneur Up!!

Re: "Invention is NOT innovation." or why I2A matters

Public-private partnerships is kinda like saying you taste wines.

First of all, there are testing groups...

company surveys...

DEMAND! That's a great one!

Is he asking us to INVEST or GIVE ADVISE?

Maybe he wants the banks and venture capitalists to loosen the pursestrings (AAIIIYYYEEE)--not likely with the housing lenders burying themselves lately.

If anything good comes from this year it MIGHT be that the only thing left in Christmas now is CHRIST (score one for the Knights of Columbus somehow).